Fair Presentation definition

Fair Presentation means the statutory duty upon the Insured to provide a fair presentation of the risk, more particularly described in Part 2 of the Insurance Act 2015.
View Source
Fair Presentation means disclosure of every material circumstance which, following a reasonable search, the Insured (including its senior management and those responsible for arranging this Policy on its behalf) knows or ought to know. Such disclosure is to be in a manner which would be reasonably clear and accessible to a prudent insurer and in which every material representation as to a matter of fact is substantially correct, and every material representation as to a matter of expectation or belief is made in good faith.
View Source
Fair Presentation means a presentation that:
View Source

Examples of Fair Presentation in a sentence

  • Please see section headed Notification of Changes and Alterations which also outlines your duties of care with regards to Disclosure and Fair Presentation.

  • FAILURE TO ANSWER QUESTIONS HONESTLY AND REASONABLY, WHEN ASKED, MAY LEAVE YOU WITH NO COVER AND A CLAIM NOT PAID WARNING – COMMERCIAL CUSTOMERS (WHERE THE PURPOSE OF THE CONTRACT OF INSURANCE IS RELATED TO THE COSTOMER’S TRADE, BUSINESS OR PROFESSION) Duty to Make a Fair Presentation The Insurance Act 2015 places a requirement upon you to make a ‘Fair Presentation’ of your risk.

  • In providing a Fair Presentation you are deemed to know what your senior management knows, what the people arranging the insurance know and ought to know what would reasonably have been revealed by a reasonable search.

  • We would also refer you to the section titled Your Duty of Fair Presentation which detail your duties to provide complete and accurate up to date information and also the duty of Fair Presentation.

  • Where insurance is arranged wholly or mainly for the purpose of your trade, business or profession you are classed as a “Commercial Customer” by the Financial Conduct Authority (FCA) and you will have an important duty of disclosure with a “Duty To Make A Fair Presentation Of Risk” to us and your insurer.

  • Where the Policyholder has failed to comply with Article 6.1. (Duty of Fair Presentation and Disclosure) herein in any way, EXIM Bank shall be entitled to avoid the contract.

  • We draw your attention specifically to the following sections: • Obtaining Terms – sets out the basis upon which we will act as your agent in relation to obtaining and presenting to you insurance quotations; • Duty of Fair Presentation – sets out your duty to make a fair presentation of the risk; • Client Monies – sets out how we hold client money; • Remuneration – sets out details of our earnings; • Limitation of Liability – sets out how we limit our liability.

  • Renewals are invited on the basis that there have been no changes in the risk other than those specifically notified to us or your insurers (see Your Duty of Fair Presentation and Notification of Changes and Alterations).

  • Your Duty of Fair Presentation Under the Insurance ▇▇▇ ▇▇▇▇ you have a Duty of ‘Fair Presentation.’ You must: • Disclose all “material circumstances” which you know or ought to know or, failing that, • Provide sufficient information to put the underwriter on notice to ask further questions.

  • Your attention is drawn to the accompanying Duty of Disclosure and Fair Presentation document which sets out a number of your obligations.

Related to Fair Presentation

  • Lender Presentation means the Lender Presentation dated July 12, 2016, relating to the Credit Facilities and the Transactions.

  • Investor Presentation is defined in Section 5.3.

  • Presentation Date means a day which (subject to Condition 12 (Prescription)):

  • Representation Letters means the representation letters and any other materials (including, without limitation, a Ruling Request and any related supplemental submissions to the IRS) delivered or deliverable by, or on behalf of, Parent, SpinCo and others in connection with the rendering by Tax Advisors and/or the issuance by the IRS of the Tax Opinions/Rulings.

  • Representation Letter Letters to, or agreements with, the Depository to effectuate a book entry system with respect to the Class A Certificates registered in the Register under the nominee name of the Depository.